Index Close Levels Restatement for HSBC US Equity Intraday Momentum Short Only Index | Effective date 23th January 2024

Today, on the 23rd January 2024, Solactive announces that, in accordance with the Correction Policy, the index close levels for the period starting December 15, 2023 (“Live Date”) until  and including January 18, 2024 of the following indices will be restated. Moreover, the whole backtest history was restated starting from the February 5, 2007 (“Start Date”). 

The rationale for this restatement is the correction of the index levels which were wrongly calculated for the above-mentioned period due to an error in the index setup, which was discovered in an index closing level validation.

The restatements will become effective on January 23rd, 2024.

Affected Indices:

An overview of previous and restated index close levels for the respective indices from the “Live Date” is seen below: